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I could open a "full service" gas station with dudes to fill the tank and wipe the windshield and upsell services. It varies by state, but nobody put full serv
by VLM 4y ago
I could open a "full service" gas station with dudes to fill the tank and wipe the windshield and upsell services. It varies by state, but nobody put full service gas stations out of business where I live. The market wiped them out; just can't run full service, doesn't mean the workers didn't sweat enough or the market wasn't competitive enough. People won't pay what it costs to run, so they don't run that anymore. Wash your own windshield and pump your own gas.
The other problem is its a form of sophistry to react to "the absolute numbers are awful" with a prayer to the efficient market hypothesis like "why hasn't a more successful competitor arisen". That deflects from the original question in a sophistry manner, not answers it. Sure, I'm a believer too, but can't answer a technical question with a prayer. The original question stands unanswered, why are the absolute numbers so utterly awful?
Note I'm a happy customer, it would be nice for them not to go out of business, but with those numbers...